Janus Henderson merger approved
Henderson’s shareholders have approved all the resolutions by the requisite majority at the Extraordinary General Meeting, held yesterday, in connection with the recommended merger of Henderson and Janus Capital Group.
Following the meeting, the nominal value of each share in Henderson’s issued capital had been converted from £0.125 to US$0.1547 and Henderson’s unissued share capital had been cancelled.
Janus also announced that all the resolutions prosed at its stockholder meeting were passed by the requisite majority.
This means that both companies would follow the below timetable in respect of completion of the merger and the London de-listing, which stated that:
- The final day of dealings in existing Henderson shares on the London Stock Exchange (LSE) would be 26 May 2017; and
- The completion date would be 30 May 2017, on which:
- The change of name to Janus Henderson Group plc would become effective;
- The share consolidation would become effective;
- The new Janus Henderson shares would be issued to Janus stockholders;
- Trading in new Janus Henderson shares on the NYSE would commence; and
- The London de-listing would become effective.
Henderson’s chief executive, Andrew Formica, said: “With the creation of Janus Henderson Investors, we see tremendous benefits for our clients, our colleagues and our shareholders.
“As a global active investment manager, we have the breadth of capabilities and distribution reach to serve our clients better together, with the efficiency and scale to invest for future growth.”
Janus Henderson merger approved
Henderson’s shareholders have approved the merger with Janus Capital Group at the extraordinary general meeting.
[Funds Management] + MMIC
Henderson’s shareholders have approved all the resolutions by the requisite majority at the Extraordinary General Meeting, held yesterday, in connection with the recommended merger of Henderson and Janus Capital Group.
Following the meeting, the nominal value of each share in Henderson’s issued capital had been converted from £0.125 to US$0.1547 and Henderson’s unissued share capital had been cancelled.
Janus also announced that all the resolutions prosed at its stockholder meeting were passed by the requisite majority.
This means that both companies would follow the below timetable in respect of completion of the merger and the London de-listing, which stated that:
- The final day of dealings in existing Henderson shares on the London Stock Exchange (LSE) would be 26 May 2017; and
- The completion date would be 30 May 2017, on which:
- The change of name to Janus Henderson Group plc would become effective;
- The share consolidation would become effective;
- The new Janus Henderson shares would be issued to Janus stockholders;
- Trading in new Janus Henderson shares on the NYSE would commence; and
- The London de-listing would become effective.
Henderson’s chief executive, Andrew Formica, said: “With the creation of Janus Henderson Investors, we see tremendous benefits for our clients, our colleagues and our shareholders.
“As a global active investment manager, we have the breadth of capabilities and distribution reach to serve our clients better together, with the efficiency and scale to invest for future growth.”
AUTHOR
Oksana Patron
Recommended for you
A leading consultancy believes asset managers will be reluctant to expand overseas in 2025 as high distribution costs blow out potential benefits, but this is providing tailwinds for Australian third-party distributors.
Three of the largest ETF providers reported net inflow increases of more than 100 per cent during 2024, as Betashares admits it “underestimated” the scale of annual inflows the industry would see.
As Magellan Financial Group continues its search for a permanent chief financial officer, it has looked internally for an interim replacement.
Bennelong Funds Management has announced its first responsible entity service client, having flagged it as a 2025 priority for the firm.
